LyondellBasell
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Infinity Recycling, LyondellBasell, and CPChem invest in Alterra to Accelerate the Commercial Development of Advanced Recycling
Alterra, a leader in plastic circularity process technology, announced the first closing of its latest equity investment round with funding from Infinity Recycling, LyondellBasell and Chevron Phillips Chemical. This investment round will accelerate the commercialization of Alterra’s Advanced Recycling technology, designed to transform discarded plastic into valuable raw materials, creating a more sustainable and circular economy. Infinity Recycling led the financing round via its Circular Plastics Fund. Alterra also received additional equity investments as part of this round from Finnish circular and renewable feedstock solutions partner Neste and long-term private investor Potenza Capital.
Alterra’s innovative technology converts discarded plastic into valuable resources, reducing landfill dependence and supporting the transition to a circular economy. With this new funding, the company aims to deploy its solutions globally, reinforcing its commitment to sustainable plastics management.
LyondellBasell Selects Emerson to Modernize Automation Technology at Olefins Production Plants
Global software and technology leader Emerson has been selected by multinational chemical company LyondellBasell to modernize control systems and software at its Wesseling complex in Germany. The implementation of advanced automation technology will help to enhance operation of an ethylene cracker and butadiene production plant. Emerson digital tools and project engineering services will help to ensure a smooth transition during the planned plant shutdown in 2024.
The Wesseling site is LyondellBasell‘s largest manufacturing facility in Europe. As part of a global modernization program, LyondellBasell is standardizing its control system technology. Emerson was selected for the project after demonstrating that it could implement all hardware and software upgrades during the two-week turnaround period.